The DOW

Not such a good night for the DOW last night.

Although 52 points up on yesterday's close, this was all done on night trading on the back of Microsofts successful court ruling. Reached a high of 8720 before failing at the first resistance level I spoke of yesterday, losing 178 points and closing below the open...a reversal day. Without the announcement from Microsoft late the previous day it would have been a bad result.

Our own SPI on sycom reached 80 before retracing to 60.

I felt yesterday we had ran up a bit fast, and sold my long position at 59, waiting for a retracement or change in trend. Time will tell.

Bomber